Let's correct the calculation considering the total interest paid on both the individual mortgage and the owner's share of the underlying mortgage:($750,000 / $1,000,000) * ($40,000 + $5,000) = $33,750So, you are correct.

That might be something to consider as well if you're set on the Bay Area. 

As you scale, if bookkeeping isn't fun for you,consider hiring a bookkeeper for a couple hundred bucks per month.

Are you considering buying it, marketing it for sale, placing debt on it, etc.?

My wife and I are realtors and I consider that a pretty simple career to fuel my investments that also gives me a sense of time freedom so we can spend as much time with our kids.  

It's great to hear that you're considering house hacking for your first investment in Pinellas County, FL.

I wouldn't consider it, but that's me.

Hey Kelvin,I think Columbus is a great option to consider.

Is there a reason that customers would book STR where you are? 

If it's passive income, that's not landlording as you have found out.Why not sell all of the properties if you hate it and bank the money and consider other real estate adjacent opportunities like syndications and take your family on a nice vacation?